Snap fell after the company reported third-quarter ad revenue and user growth that missed estimates, with CEO Evan Spiegel acknowledging that “advertising revenue growth remains below our ambitions”

Snap - FY2026 Q3 Earnings $SNAP $5.27 [-11.10% AH] ❌ Revenue: $1.72B (Est: $1.73B) [+14% YoY] ✅ EPS: $0.03 (Est: $0.02), GAAP Additional Metrics: Gross Margin: 62.3% Operating Income: $76.7M, year-ago loss of $128.4M Operating Margin: 4.5% Net Income: $56.5M, year-ago loss of $103.5M Adjusted EBITDA: $382.6M (Est: $339.0M) [+110% YoY] Adjusted EBITDA Margin: 22.2% DAUs: 495M (Est: 497.8M) [+4% YoY] MAUs: 977M [+4% YoY] ARPU: $3.48 (Est: $3.47) [+10% YoY] Operating Cash Flow: $210.5M [+44% YoY] Free Cash Flow: $164.5M [+76% YoY] CapEx: $46.0M Cash and Marketable Securities: $2.8B Geographic Revenue: North America: $1,014.3M [+13% YoY] Europe: $362.9M [+22% YoY] Rest of World: $345.3M [+11% YoY]

Snap - FY2026 Q3 Earnings $SNAP $5.27 [-11.10% AH] ❌ Revenue: $1.72B (Est: $1.73B) [+14% YoY] ✅ EPS: $0.03 (Est: $0.02), GAAP Additional Metrics: Gross Margin: 62.3% Operating Income: $76.7M, year-ago loss of $128.4M Operating Margin: 4.5% Net Income: $56.5M, year-ago loss of $103.5M Adjusted EBITDA: $382.6M (Est: $339.0M) [+110% YoY] Adjusted EBITDA Margin: 22.2% DAUs: 495M (Est: 497.8M) [+4% YoY] MAUs: 977M [+4% YoY] ARPU: $3.48 (Est: $3.47) [+10% YoY] Operating Cash Flow: $210.5M [+44% YoY] Free Cash Flow: $164.5M [+76% YoY] CapEx: $46.0M Cash and Marketable Securities: $2.8B Geographic Revenue: North America: $1,014.3M [+13% YoY] Europe: $362.9M [+22% YoY] Rest of World: $345.3M [+11% YoY]

Snap settled a lawsuit with two teenagers claiming the app contributed to their mental health struggles, allowing the company to avoid another high-profile social media addiction trial.